26 June 2013
BOARD AND SENIOR MANAGEMENT RESTRUCTURE
Company co-founder and current Managing Director Mr Joe Ricciardo to be appointed Executive Chairman
Chief Operating Officer Mr Geoff Jones to succeed Mr Ricciardo as Managing Director
Current Non-Executive Chairman Mr Barry Patterson remaining on board as a Non-Executive Director
GR Engineering Services Limited (ASX:GNG) (GR Engineering or Company) today announced that Company co-founder and Managing Director, Mr Joe Ricciardo, would be assuming the new role of Executive Chairman effective 1 July 2013, with current Chief Operating Officer, Mr Geoff Jones, to succeed him as Managing Director.
The Company’s current Non-Executive Chairman, Mr Barry Patterson, will remain on the board as a Non-Executive Director.
Geoff Jones is a civil engineer with over 28 years experience in engineering, minerals processing, construction and project development in Australia and overseas with both global engineering and mining companies. He was formerly the General Manager of Sedgman Limited’s metals engineering business for two years, where he was responsible for the strategic development of the metals engineering division internationally. He also spent 6 years as Group Project Engineer for Resolute Mining Limited where he was responsible for the development of Resolute’s mining projects in Australia, Ghana and Tanzania.
Commenting on the appointment of Mr Geoff Jones as Managing Director, Mr Ricciardo said:
“Geoff has established a track record of successful project delivery throughout his career. After joining us over two years ago as Chief Operating Officer of GR Engineering, we are pleased to announce his appointment as Managing Director. Geoff has demonstrated his strong credentials in a time of transition for the Company and we have every confidence in his ability to successfully lead GR Engineering. Geoff has also been responsible for the Company’s strategic global expansion of our engineering services, particularly in West Africa.”
After co-founding GR Engineering in 2006 as its inaugural Managing Director, Mr Ricciardo will continue to have an important role as Executive Chairman, where he will be heavily involved in the Company’s strategic direction and performance whilst maintaining and building upon relationships with GR Engineering’s clients.
Commenting on the appointment of Mr Joe Ricciardo as Executive Chairman, the Company’s current Chairman, Mr Barry Patterson said:
“We would like to acknowledge the tremendous contribution Joe has made to our Company since its inception in 2006 by rapidly and successfully leading it to hold the strong market position it has today, with a reputation as a high quality provider of engineering design and construction services to the mineral processing industry. We thank Joe for his hard work and dedication to GR Engineering and look forward to his ongoing contribution to the Company in his role as Executive Chairman.”
Incoming Managing Director, Mr Geoff Jones, said he was looking forward to taking on the challenges in his new role.
“Whilst the overall sector is experiencing challenges from which we are not immune, the opportunities for companies like ours with a strong strategic focus and an ability to adapt quickly to changing industry conditions are clearly evident,” he said.